crude oil


Friday, April 21, 2023
two tankers conduct ship-to-ship transfer
Shipping

Ship-to-Ship Transfers of US Crude to Impact Global Oil Benchmark Pricing

By Sherry Su and Sharon Cho (Bloomberg) — US crude transferred from bigger to smaller tankers will contribute to pricing of the world’s most important

April 21, 2023
Total Views: 7766

Saturday, March 25, 2023
Offshore

Nigeria’s Unsold Crude Glut: What’s Behind It?

By Bill Lehane (Bloomberg) Nigeria is struggling to find buyers for its oil as strikes in the French refining sector and seasonal maintenance at plants

March 25, 2023
Total Views: 4442

Tuesday, March 7, 2023
Shipping

Russia’s Crude Exports By Sea Slide as Lucrative Pacific Trade Declines

By Julian Lee (Bloomberg) — Russia’s seaborne crude exports fell back sharply from the previous weeks’ highs, with Moscow unable to

March 7, 2023
Total Views: 1751

Saturday, February 25, 2023
Shipping

Venezuelan Crude Departs For Europe

By Marianna Parraga HOUSTON, Feb 25 (Reuters) – A 655,000-barrel cargo of Venezuelan heavy crude chartered by a unit of Italy’s Eni

February 25, 2023
Total Views: 5228

Tuesday, February 14, 2023
Offshore

Israel Becomes Oil Exporter with First Cargo Headed to Europe

By Alisa Odenheimer (Bloomberg) – Israel exported oil for the first time, sending a shipment to Europe from Energean Plc’s offshore Karish field.

February 14, 2023
Total Views: 4759

Sunday, February 12, 2023
China Oil Tankers In Port
News

China’s Oil Giants Want More Russian Crude

(Bloomberg) China’s state-owned oil refining giants are speeding up purchases of Russian crude, citing the allure of cheap cargoes from the OPEC+ producer

February 12, 2023
Total Views: 1379

Sunday, January 22, 2023
Shipping

Iran Oil Exports To China Surge

by  Ben Sharples (Bloomberg) Iran’s oil exports are surging, offering solace to both Tehran and a global market fretting over the prospect of sanctions

January 22, 2023
Total Views: 1028

Tuesday, January 17, 2023
Maritime News

Venezuela Halts Oil Exports

By Marianna Parraga (Reuters) – The new head of Venezuela’s state oil company PDVSA has suspended most oil export contracts while his team reviews

January 17, 2023
Total Views: 10341

Sunday, January 1, 2023
Shipping

Chevron Sending Two Oil Tankers To Venezuela Under U.S. Approval

By Marianna Parraga HOUSTON, (Reuters) – U.S. oil company Chevron Corp CVX.N is sending two oil tankers to Venezuela, one of which will load the

January 1, 2023
Total Views: 3672

Saturday, September 17, 2022
Shipping

Oil Tanker Rates Bubbling Up As Russia Disrupts Trade

(Bloomberg) –Benchmark oil tanker earnings topped $50,000 a day for the first time in more than two years as Russia’s invasion of Ukraine upends global

September 17, 2022
Total Views: 1840

Tuesday, March 15, 2022
Tanker at sunset
News

Oil Tanker Traders Go Underground To Buy Cheap Russian Crude

By Serene Cheong (Bloomberg) –Away from the public eye. That’s where Russian crude is going as buyers tread carefully in their dealings with the pariah

March 15, 2022
Total Views: 27056

Tuesday, March 8, 2022
Sovcomflot Logo Russian
News

More Russian Oil Deeply Discounted As Load Port Ban Risk Alarms Buyers

By Tsuyoshi Inajima (Bloomberg) A cargo of Russian Sokol oil from the Far East was offered at a steep discount as the nation’s invasion of Ukraine and the

March 8, 2022
Total Views: 3286

Monday, September 27, 2021
tanker
Offshore

Brent Rises to Highest Since 2018 on Global Energy Crunch

By Alex Longley and Sheela Tobben (Bloomberg) — Brent approached $80-a-barrel on signs that the crude market is rapidly tightening amid a global energy

September 27, 2021
Total Views: 1328

Thursday, November 19, 2020
tanker deck
Shipping

Global Crude Market Finds Support Mainly from China

By Devika Krishna Kumar, Olga Yagova and Noah Browning NEW YORK/MOSCOW/LONDON, Nov 19 (Reuters) – China, the global oil market’s lifeline this

November 19, 2020
Total Views: 706

Thursday, October 15, 2020
tanker loading
Maritime News

U.S. Crude, Fuel Stockpiles Drop Sharply Amid Hurricane -EIA

By David Gaffen Oct 15 (Reuters) – U.S. crude stockpiles fell sharply last week, as offshore oil production was shut due to Hurricane Delta, while

October 15, 2020
Total Views: 20

Thursday, July 23, 2020
vlcc tanker
Maritime News

Oil Drops With Demand Worries Reverberating From U.S. to Asia

By Andres Guerra Luz (Bloomberg) –Oil weakened as economies from the U.S. to Asia signaled a deepening demand fallout from the coronavirus pandemic.

July 23, 2020
Total Views: 18

Friday, June 26, 2020
tanker
Maritime News

Top Oil Pricing Agencies Launch New U.S. Crude Benchmarks

By Julia Payne and Devika Krishna Kumar LONDON/NEW YORK, June 25 (Reuters) – After U.S. crude futures took an historic plunge into negative territory in

June 26, 2020
Total Views: 46

Friday, June 12, 2020
Maritime News

Venezuelan Oil Cargoes Hidden En Route to China, Bypassing Sanctions

By Luc Cohen and Marianna Parraga CARACAS/MEXICO CITY, June 12(Reuters) – Last year, China replaced the United States as the No. 1 importer of oil from

June 12, 2020
Total Views: 309

Thursday, June 11, 2020
oil tanker
Maritime News

Oil Plummets With Economic Jitters Surging Through Markets

By Hailey Waller and Alex Longley (Bloomberg) –Crude futures plunged by the most since late April a day after the Federal Reserve provided a gloomy

June 11, 2020
Total Views: 23

offshore rig north sea
Offshore

Oil Crisis Shows Richest Nordic Country Remains a Crude Addict

By Lars Erik Taraldsen and Mikael Holter (Bloomberg) –Norway has been talking for years about weaning itself off oil, but the Covid-19 crisis has

June 11, 2020
Total Views: 50